Currency futures were down on Monday as risk appetite remained low amid the escalating tensions in the Middle East. Meanwhile, the dollar regained its shine as safe-haven demand increased. However, most major currencies were up against the greenback last week as a downbeat US inflation report eased Fed rate hike expectations. “FX markets were relatively Read More…
Currency futures were subdued on Monday as the dollar rebounded amid an increase in Fed rate hike expectations. Tensions in the Middle East escalated further over the weekend, leading to the closure of the Strait of Hormuz. As a result, oil prices jumped, fueling inflation worries. Meanwhile, market participants are cautiously awaiting the US CPI Read More…
Currency futures had a strong week as the dollar fell after downbeat economic data. Market participants assessed manufacturing PMI and employment figures, which both missed the estimates. As a result, expectations of a Fed rate hike eased. At the same time, focus remained on talks between the US and Iran in Qatar. Dollar performance (Source: Read More…
Currency futures were heading for a red month as the dollar recorded a 2% gain in June. The greenback remained elevated on Monday as market participants awaited the US nonfarm payrolls report. Over the past month, demand for the currency has been high amid tensions in the Middle East and a hawkish Fed outlook. Geopolitical Read More…
Currency futures gained last week as risk appetite improved after reports that the US and Iran were planning to extend their ceasefire deal. Meanwhile, demand for the safe-haven dollar declined, with the dollar falling for a second week. Focus will now shift to the US nonfarm payrolls report due on Friday. After days of anticipation Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
